Norsemont Arranges 3,000,000 Unit Financing

VANCOUVER, April 13 /CNW/ - Norsemont Mining Inc. ("Norsemont") has
arranged a non-brokered private placement to raise up to $2,700,000 from
certain pro groups, investors and institutionally. The company will offer up
to 3,000,000 units at a price of 90 cents per unit. Each unit will consist of
one common share and one common share purchase warrant. Each whole warrant
will be exercisable into one common share for two years from the date of
closing at a price of $1.20 per share. The Warrant will have an "accelerator"
provision such that if the closing price of Norsemont's common shares is $2.00
or higher for 20 consecutive trading days at any time after the closing date,
the Issuer may, by issuance of a press release, give notice of "acceleration"
of the warrant expiry date to the day which is 20 calendar days following the
date of issuance of the press release.
The financing proceeds will be used primarily to fund the company's
anticipated work program on the Constancia project, for investigation of asset
acquisition activities and general working capital. A finder's fee will be
payable on all or a portion of the private placement according to the TSX
Venture Exchange policies.
Securities issued pursuant to the private placement will be subject to a
four-month hold. The private placement is subject to acceptance for filing by
the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. We seek Safe
Harbor.